The reasons include healthy job and population growth, a thriving tech sector, and low vacancy rates despite a decent amount of new construction.
In addition to a slew of bills intended to make housing more affordable signed by Governor Jerry Brown last fall, various campaigns are under way to put affordability initiatives on the November ballot.
The competition between mezzanine lenders is keeping interest rates relatively low for mezzanine loans, even though short-term interest rates overall are rising.
More than 4,000 new apartments are forecast to hit the Los Angeles market this quarter, according to CoStar Group Inc.
In the end, the strongest argument against rent control is that there are better ways to protect vulnerable renters.
The optimism at the conference was somewhat tempered by the prospects of increasing supply, rising interest rates and an eventual downturn in the not-too-distant future.
In most parts of the U.S., lawmakers are currently not allowed to create new rules to limit by how much landlords can raise rents at their properties.